General Motors

Jerry Forbes adds his opinion about GM's future here.

Apparently the Big 3 are going to ask the Govt. for $25 Billion in cheap money. The term "bailout" kind of pisses me off, but that's how our brainiacs in the media love to spin it. I personally have mixed emotions about it, because there's this part of me that feels a lot of the Big 3's problems were brought on by themselves. But on the other hand, if we can spend untold millions in Iraq (Halliburton anyone?) - give money to Isreal, spend money on army bases in Japan, have the Federal Reserve "bail out" other big banks and mortgage companies, etc, etc; then I say, why not give money to the Big 3? After all, they're actually producing a useful, tangible product that…

Full Story: http://www.fia-wtcc.com/fiawtcc/sport_sto889619.shtml

General Motors' announcement to idle and possibly close five plants next year comes around the same time that the company begins their negotiations with the United Auto Workers (UAW). Already, the UAW has said they would go "through every legal, contractual and collective bargaining avenue open to our membership," to try and keep the plants. GM's rationale for the move is to improve profitability and help reduce the underutilization of its plants. As we reported last week, GM represents 1 million of the 3.2 million units of underutilized capacity in the U.S. through October. We should note that GM did not say they were going to close down the plants. They used t…

It has been very quiet in the world of the GM - UAW talks, especially here at work lately. The union guys seem unusually strange, there seems to be a calm before the storm effect. Alot of the union guys almost are acting a little afraid to me and most of the time they are very upbeat. So I was surfing along today and found this bit of news at AUTOBLOG, maybe someone else on here knows whats going on. Stocking up: GM and Ford want to fund health care account with shares Posted Sep 5th 2007 1:01PM by Jonathon Ramsey Filed under: Chrysler, Ford, GM, UAW/Unions The Big Three automakers' massive pension liabilities are well known. To remove that burden, a fund called VEBA …

One of the big remaining technical questions for General Motors' Chevrolet Volt has been who the automaker will tap to supply the batteries. LG Chem and A123 Systems are the two companies that have been supplying prototype battery packs for Volt development program. It has long been rumored that South Korea's LG Chem would be selected, and today CEO Rick Wagoner confirmed the selection. Surprisingly though, GM has decided it will take responsibility for actually building the complete packs. GM will also take full responsibility for all the battery management systems and power electronics. The company will build a new factory in Michigan, but a specific site has yet to b…

“General Motors has developed an all-new digital vehicle platform necessary for its next-generation of vehicles, EVs, active safety, infotainment and connectivity features, and the evolution of the Super Cruise driver assistance feature.” To quote their press release. GM-2020-ElectricPlatform.mp4 We have heard that GM has their next EV platform that will cover multiple new auto’s and that GM has their global ICE auto platform. The one thing that no one has talked about is the nervous system that is underneath these new autos. Tesla has proven that technology can sell and that the younger generation is wanting an auto to stay current much like the…

It has been almost two months since General Motors announced a compensation fund for families who either lost a loved one or who were injured because of a problem due to the ignition switch. According to the Detroit Free Press, almost 300 people have filed a claim. 100 people who have filed a claim said their loved ones were killed because of defect, while 184 people said their injuries come as a result of the problem. These numbers come from Amy Weiss, a spokeswoman for fund administrator Kenneth Feinberg. The Detroit Free Press says each person who has filed a claim has to provide evidence that it was the defective switch that was the cause of the injury/fatality. If …

Hey guys, I wanted to take a step back and take in what everyone was saying about the Delphi issue. Everyone has their opinions and that's ok. Some of it is understandable, especially the union bashing. If I was on the outside, watching news reports where they interview the big guy, who may not have had much of an education, saying the things we hear ... I'd think that the UAW was a bunch of idiots who just demand more money and better benefits. Years ago, some of you may have even seen the UAW president hitting his fist on the table yelling about the auto companies. There are still guys like that. More of the old-timers. But they had reason to be like that. The …

Would scare tactics work for GM in marketing...? If GM had a commerical that really depicted the premium reasons to purchase an american vehicle. If they, in a comercial, analized the affects of a detriotless america... could they score peoples purchasing? Could they really hit people by saying, "In efforts to compete, with the competition, we had to lay off 30,000 americans." "Toyota says they want to help General Motors by raising their profits and making themselves less competive." "if the next vehicle you purchase isnt a General Motors vehicle, your tax dollars will goto the person that built it anyway. Because you purchased a Camry, you…

Chrysler-Nissan talks halt No more discussions scheduled after Cerberus acknowledges preference for a sale of Chrysler to GM deal ,sources say. Talks between the Renault-Nissan alliance and Cerberus Capital Management LP have stopped as both sides acknowledged Cerberus's preference to conclude a deal for Chrysler LLC with General Motors Corporation; according to sources familiar with the situation. No more talks between Cerberus and Renault-Nissan negotiators have been scheduled, the sources said Friday , although the parties have not been ruled out discussions in the future Cerberus and Nissan declined to comment. But sources close to Cerberus have said …

What is GM trying to accomplish? Chevrolet has 8 vehicles, Pontiac has 8, and cadilac has 5, and Buick 3 It makes no sense. It seems like they are purposely trying to kill the Buick division. I don't understand how they expect Buick to be a succesfull division with the Lucerne and Lacrosse whose platform and engine have been around for years. Buick needs new vehicles and they need it now. They should have RWD, a 2dr, a convertible, and a 3 series type. They should also offer more V8's. Come on GM get your head out of your ass

Construction contracts for GM's new Flint, MI engine plant have been canceled, but GM tells us plans to build the new 1.4-liter four-banger powering the Chevy Volt and Cruze in Flint remain unchanged. Despite reports to the contrary, and despite construction contracts being canceled by GM, spokesperson Sharon Basel told us via e-mail the General's committed to building their new 1.4-liter engine for the Chevy Volt and the turbo version for the Chevy Cruze (above) in Flint: Additionally, Basel told the Flint News GM was examining all options — including using existing buildings on site. Our take is GM's looking to cut every short-term cost possible as they try t…

http://www6.autonet.ca/News/story.cfm?stor...3394535-ap.html So sales are down 80k units, but 75k are from planned diminished fleet sales. excluding that, sales are only down 0.05%, so essentially, sales stayed steady.

As much as I shake my head at the amateurish nature of their Buick LaCrosse CXL review [ see separate C&G thread under Buick ], they are presenting a thought-provoking piece called "Detroit's Seven Deadly Sins." To read it, click here.

Ok, hear me out, but.. Didn't GM have digital dashes back in the mid-to-late eighties? It was panned as being too gimmicky. Didn't Chevrolet used to have ABS as standard equipment? It has knocked as an added option (and extra expense) that was forced upon consumers. Consumers should have the ability to choose. Today? You're criticized if you don't have ABS as std equipment. Didn't GM get crucified for the heavy use of unpainted gray plastic molding/panels on their Aztec and Avalanche? Seems ok for use on the Element Didn't the dustbuster vans get critized for their design-pushing tall tail-lamps (that extended along the rear glass…

DETROIT -- General Motors Corp. Vice Chairman Bob Lutz said Tuesday the automaker will save billions in development costs with a new global engineering plan, but he wouldn't discuss some critical issues facing GM, including Delphi Corp.'s bankruptcy. Lutz also didn't address investor Kirk Kerkorian's efforts to increase his stake in GM. GM's shares rose 94 cents, or nearly 4 percent, to close at $26.42 on the New York Stock Exchange after the U.S. Federal Trade Commission said it won't challenge Kerkorian's plan to increase his stake in GM to nearly 10 percent. Kerkorian has said he may seek a seat on GM's board. Lutz said that…

I've been thinking about GM becoming more global and whatnot, and how platforms will now be engineered for use around the world as well as other vehicle componets. But, what about engines? Are the HV V6s used anywhere other than North America? Wouldn't it be easier (and save costs) to produce millions of HF V6s globally and use them in everything that needs a V6? I'm not starting this thread to necessarily put down the HV V6s, but the HF V6s are clearly better and it seems the only reason for GM not putting them in more cars is cost. If they were produced in huge numbers, wouldn't it bring the cost down significantly and bring the price-per-unit down to …

I am starting to get baffled by the alphabet soup of change. Which new platforms are to be redone or scrapped/replaced for the 2008 and 2009 model year? 2008 - Malibu and related platform? 2009 - Impala and related platform? What about LaX and GP - when are they do for facelift or doomed to the graveyard of monikers? What is moving from FWD to RWD? This would be interesting for everyone's edification.

Bankruptcy, Shmankruptcy Jerry Flint, 02.13.06, 12:00 AM ET Enough already on General Motors and Bankruptcy. I am tired of the B-word. GM isn't going bankrupt this year; GM isn't going bankrupt next year; 2008 is so far off that even Bill Gates could be bankrupt by then. It's dangerous to go three years out, but no, I wouldn't expect GM to go bankrupt in 2008, either. Why not? The company has $19 billion in the kitty and just about $100 billion in the pension fund. But there's more here than the balance sheet. When I was a boy, there was one reason companies went bankrupt: They couldn't pay their bills. GM can pay its bills, so that's not a problem. The new reason f…

I assume this is the correct spot to post this - It's not strictly a GM article, but focuses on them more than Ford or DC: Link to article -RBB

http://media.gm.com/servlet/GatewayServlet...n=2&docid=20019 Wow, I'm going to miss Dave and all that he did to take the Corvette to world-class status. I've read the book All Corvettes Are Red many times and it amazed me what he had to go through to get the C5 out under the old GM product development system. It's cool that Tom Wallace gets the Kappa cars in addition to the Y-cars as his new job, so maybe this means that future Kappas will get even hotter than what is already coming next year. Lori Queen gets small and midsize trucks, but who is going to take over her old job for small cars?

Link to Article

I've read a report today that GM plans to cut the number of platforms and engines for its vehicles by like half in the next several years. Pretty much what a lot of us here have been harping on for a good while here at C&G... FEWER PLATFORMS, MORE VARIANTS PER PLATFORM leads to BETTER QUALITY and MORE PROFITS. How should this shake out? Post your general overview of what you think GMNA should consist of circa 2016.

GM, Toyota Agree to Extend Advanced Technology Collaboration and Focus on Safety-Related Technologies DETROIT, March 2 /PRNewswire/ -- General Motors Corp. and Toyota Motor Corp. have agreed to extend their advanced technology collaboration agreement two more years with a focus on safety and congestion-related technologies, and industry codes and standards. The agreement covers information exchange and collaborative research in areas such as well-to-wheels energy usage and emissions, intelligent transportation systems and connected vehicle (vehicle infrastructure integration and vehicle-to-vehicle communications). The agreement also allows for research projects…

http://mag1.olivesoftware.com/am/getBookWR...R&OnePageMode=1 link to winding road article on the new CTC.

As General Motors begins to close the sale of Opel and Vauxhall to PSA Group, there are questions as to what GM will do in the European market afterwards. According to Automotive News, GM is planning to become a niche brand with selling Cadillac models, along with the Chevrolet Camaro and Corvette. “That is the plan at this time, to continue with those models and brands in Europe. We continue to grow the Cadillac brand. We’ll continue to do that in a very disciplined fashion,” said GM CEO Mary Barra on a conference call this morning. Cadillac has been trying to make end roads into Europe for a decade with middling success. Last year, Cadillac's 45 dealers in Eur…

...the catch is that neither are out yet. Interesting choices: http://money.cnn.com/popups/2006/autos/crossovers/index.html

http://money.cnn.com/2006/02/09/news/companies/gm_delphi/

http://www.forbes.com/2005/09/26/GM-SUVs-d..._0926flint.html

http://www.cnbc.com/id/29407368 I haven't checked to see if this article has already been posted before.

http://www.autoblog.com/2011/01/27/general-motors-withdraws-14-4b-loan-request-from-doe/ GM's chief financial officer Chris Liddel, outlined the automaker's choice to cancel its loan request, stating: This decision is based on our confidence in GM's overall progress and strong, global business performance. Withdrawing our DOE loan application is consistent with our goal to carry minimal debt on our balance sheet.

General Motors announced on December 1st, 2023 a stop delivery of certain 2024 Chevy Equinox, Blazer, Blazer EV, and GMC Terrain models. A document published by NHTSA (National Highway Traffic Safety Administration" specified certain Chevy Equinox and other vehicles were announced. GM has provided a list of VINs. Although GM halted deliveries, the main issue has not been publicly announced. This stop delivery is labeled under "Global Safety Field Investigations.". This suggests that GM is still working on a solution. Dealers with affected Chevy Equinox and other vehicles cannot be sold or delivered until they have further information. Some of these models have…

I have read part way though the new Book Why GM Matters. I must say in this age of misinformation and down right lies it is goods to see someone in the media have a fair look at GM. THe book cover where GM started, evolved under Sloan and failed to change as Sloans concpet of GM no longer worked. It explains and shows how GM was so large it failed to funtion sfficently when it needed to. It also addresses things on how some of the managment fail to understand how Toyota was working and how efficent they were in production when GM staffers visited with Toyota and brought back info that could have helped change their path. It also addressed how GM failed to focus on d…

This is a good article, accually i only read the first part, but i need to go to work... MSN's Tech and Gadgets [quote name='http://msn-cnet.com.com/Technology+to+Detroits+rescue/2010-11389_3-5992268.html?part=msn-cnet&subj=ns_5992268&tag=mobile']Technology to Detroit's rescue? December 13, 2005, 4:00 AM PT By Brian Cooley On top of all the arcane business problems they face, General Motors and Ford Motor also suffer from boring cars. Factor out Cadillacs, F-Series trucks, Corvettes and Mustangs, and Detroit is handing us uninteresting vehicles. What could make their cars more interesting? More horsepower? N…

In case anyone missed it during Game 3, here's the ad -- along with an interesting quote by Kim Kosak, Chevy's marketing director. And yes, we extrapolate a bit: http://jalopnik.com/cars/ad-watch/ad-watch...a-on-210477.php Ray @ Jalopnik

GM, Renault's mini alliance Automakers weighing global tie-up already produce vans jointly Bill Vlasic and Christine Tierney / The Detroit News General Motors Corp. The Movano, produced by GM and Renault's joint venture in Europe, is sold under GM's Opel brand. The nearly identical Master is sold with a Renault badge. See full image Successful partnership A joint venture between General Motors Corp., Renault SA, and later Nissan Motor Co., has been successful. The venture builds 250,000 vans a year. The companies have sold 1.2 million vans since 1999. GM shares increase for 10th straight day While the business world obsesses over a possible alliance of Ge…

The only reason that I have been able to come up with as to why GM would delay/cancel the NG Malibu and ION (both of which were supposed to be awesome -- and we know the ION was) is that now they're concentrating on the several new crossovers they have planned. I remember a discussion a while back in which our insiders told us that GM thinks crossovers are going to be the key to the future. While getting ahead of the game in an expanding market is good, does GM just expect it's current sedan buyers to make the move to X-Overs when they find out the sedans GM offers in 3 years are the same ones it offers now? I'm all for GM trying to control the X-Over segme…

Nice AP article from my local paper on GM's presence in Lansing: http://www.stltoday.com/stltoday/business/...A2?OpenDocument -RBB

http://www.bloomberg.com/apps/news?pid=206...&refer=news

DETROIT, July 8 (Reuters) - General Motors Corp is not planning a sale of any of its brands other than the Hummer line of SUVs, GM's North American sales chief said in an e-mail to the automaker's U.S. dealers. Mark LaNeve, GM's vice president for North American sales and marketing, said none of GM's brands other than Hummer were up for sale or being considered as candidates for closure, despite growing speculation to the contrary. "I have been asked by the media if other brands were undergoing a similar strategic review. My answer then and now was the same -- no," LaNeve said in his e-mail. LaNeve said GM's dealers would be among the first to know if plans changed …

FOR RELEASE: 2005-12-12 GM Overhead Cam Engines Named Among Industry's Best High-performance Ecotec Supercharged and 2.8 V6 Turbo recognized in Ward's 10-Best Engines PONTIAC, Mich. – Two of General Motors newest, high-performance overhead cam engines – the 2.0-liter Ecotec Supercharged and 2.8-liter V6 Turbo – have been named among the industry’s 10 best engines of 2006 by the editors at Ward’s Communications. Both engines are variants from two of GM’s most popular global, modular engine families, designed, engineered, and produced around the world. They also share a similar attribute, which Ward’s noted as an important development occurring in the indus…

The GM/DCX/BMW Hybrid System Unveiled The American (GM), German (BMW) and bi (DCX) automakers have joined forces on a hybrid project that aims to compete with the likes of Toyota Hybrid Synergy Drive. The two-mode hybrid system promises increased fuel economy and overall performance compared to conventional single-mode hybrids. Check out the full story on this latest evolution in hybrid technology. Read "GM, DaimlerChrysler, BMW Premiere Unprecedented Hybrid Technology" @ The Auto Channel

Toyota set to pass GM as world's largest carmaker [RANT] Well I've got to say... The Japanese based Toyota sure is interested in aiding the US Economy... They want to increase prices to make their vehicles less competitive agaisnt the Domestic automakers. They've invested billions into America and employeed... lets see... according to this Toyota according to their website in 2004, Direct North America Employment is 37,351 Well... To those that dont know, in the United States roughtly 10% of all employes are in the automotive industry either directly or indirectly. That would probably be roughtly 25 million people employeed in the automotive in…

JD power sales satisfaction survey

The Echo gets some points in the "damn, Toyota is cheap" category for putting the gauges in the circular hole in the center, so that the gauges could be moved for RHD/LHD without a different dash piece. Suzuki did somewhat the same thing with the Aerio, but without it being as cheap and damaging to the design. The dash is very small due to it being digital. There is a matching piece on the other side that you could take out and put a mirror image of the dash into. There is also a cutout for the "passenger" airbag in front of the driver, which is a blank panel of course. So very few panels would have to be changed to change the side the wheel is on, yet it's a very functio…

GM's press push continues, with Rick Wagoner answering questions from Paul Solman, Economics Correspondent for PBS' NewsHour with Jim Lehrer. To view a transcript of the interview, dated April 20, 2006, click here.

I have been investing up to my neck in GM stock the last 4 months, that plus what I already own or what GM has granted me over the years, has made me a small fortune today. Today was a good day on Wall Street.

GM Tv said that they will debut the GMC Yukon on October 5th, and the Cadillac Escalade sometime within the first weeks of November!! They also have the Avalanche ready to show us..., but that girl is standing right in front of it!!! I expect they will debut those in January since they are due out second quarter.

GM picks China for electronics Purchasing unit moves from U.S. to Shanghai Robert Sherefkin Jamie LaReau Automotive News / February 27, 2006 - 6:00 am DETROIT -- General Motors has shifted its worldwide electronics purchasing unit from Warren, Mich., to Shanghai to place it at the hub of China's electronics industry. According to sources familiar with GM's plans, the move is intended to keep GM abreast of trends in automotive electronics and buy more electronic components in China. "Just about all electronic subcomponents now originate in China or Korea or Singapore," says a source close to GM who asked to not be named. "You are more aware and you buy better when …

Put it in neutral, and take a few minutes to get some understanding (and humor) about Tom Friedman from financial expert Bill Bonner... http://dailyreckoning.com/Issues/2005/DRUS120905.html The Daily Reckoning PRESENTS: Bill often mentions that he makes a point to read Thomas Friedman’s NY Times column - not because agrees with the imperial columnist’s musings...but because he finds that that Friedman’s “hollow thoughts” always seem to brighten his day in their absurdity... SOMETHING WICKED THIS WAY COMES by Bill Bonner The force of a correction is equal and opposite to the deception and delusion that preceded it. Alan Greenspan, George W. Bush, and all the great na…

http://www.imediaconnection.com/news/11900.asp GM has announced they will be buy a virtual island in Second Life to help promote products such as the solstice GXP and the G5. Sounds like it is the next big thing.

I was just listening to some of Gettlefinger's testimony in front of congress. He took the same old tired position of how much the UAW "gave up" for the benefit of the automakers. I'd like for him to tell us how they actually contribute to the success of their employers. Just showing up at work every day doesn't cut it. After listening to his crap, I'm even more steadfast about one of the requirements for the $25M loan being the elimination of the UAW at these companies. Without this requirement I'd let these companies fend for themselves. Mulally's testimony is the only one who gives me confidence he has a plan for his company. Nardelli seems like he is uncomfortable i…

GM To Idle Two Truck Plants, Cut Down On Inventory William Maley - Editor/Reporter - CheersandGears.com June 20, 2011 Back in early May, we reported on GM looking at cut in production of their pickup trucks. The reason why was due to increasing size of their unsold inventory, which stood at 275,000 at that time. A month later, the pickup inventory has increased by 13,000 to a total of 288,000. To help combat the large inventory, GM idle two of their truck plants for two weeks beginning on July 4th. The two plants are Flint Assembly in Flint, MI and Fort Wayne Assembly in Roanoke, IN. “GM is rightly being quite careful about building products into the sum…

Toyota to Upgrade NUMMI Japan's top carmaker Toyota says it is upgrading a US plant equally owned with ailing General Motors, which has been negotiating an alliance with the French-Japanese Renault-Nissan group. But Toyota Motor Corp., widely seen as set to overtake GM as the world's top vehicle maker, denied that the new investment in the California plant was aimed at strengthening its partnership with the US car giant. Read "Toyota upgrading joint US plant with GM" @ Yahoo

The story in the 10/24/05 issue states, "Americans who are 50 years old and older make up 39 percent of the nation's adult population. But they will account for half of U.S. auto sales this year. That share will increase to 53 percent by 2010, predicts Art Spinella, president of CNW Marketing/Research Inc., a consulting company in Bandon, Ore." Buick often bears the brunt of jokes about how the average age of its buyers is [ fill in your choice of jokes, such as "dead" ]. But the Rendezvous showed new Buicks can lower the demographics (didn't Rendezvous owners average 58 or so?). So that's perfect if Buick can skew slightly younger wi…

Bob Lutz has a few things to say about it http://www.canada.com/nationalpost/financi...dea646c&k=13708

http://business.theglobeandmail.com/servle...y/Business/home

Better-armored Humvees saving U.S. lives: http://news.yahoo.com/s/ap/20060626/ap_on_...GZhBHNlYwM3MjE- Try that in your Tundra, biatch!

http://news.yahoo.com/s/ap/20060118/ap_on_...ette_comes_back A nice article with a happy ending. I guess miracles do come true sometimes. CARSON, Calif. - The last time former New York City resident Alan Poster saw his dream car, he was young and it was blue. Nearly four decades later, he's a little grayer and the car has turned silver — but it was love at first sight again as the Corvette somebody swiped in New York was returned to him. ADVERTISEMENT "It's a dream. Wow, this is a beautiful model," Poster said as customs officials unveiled the 1968 sports car. "This is definitely a miracle. Because in speaking to the police, the odds of them finding me were a millio…

http://www.autoblog.com/2008/05/30/toyota-...ra-in-baja-500/ bet the exec's in Japan aren't too happy about this.

Alright, I have someone in a facebook group claiming China owns 30% of GM. I don't think that's true, but I can't find anything that says either way. Someone confirm that I'm right lol.

Thinking about the recent thread of Buickman's "Return To Greatness" and the struggles GM has in overcoming the perception gap they face with import automakers, I decided to conduct my own little, very unscientific, yet real-world look at demand for GM cars in my little corner of the world in southern California. I took 30-40 minutes today and drove through some of the parking lots at the Aliso Viejo Town Center in my city and counted 237 cars. The Town Center is a mix of retail, bars, restaurants, and a 20-screen theatre adjacent to numerous office parks and a medical center. In case you are curious about the demographics and population of this area.…

It has been a tense couple of months at GM Korea. Back in February, the company announced a restructuring plan for the division which included the closure of the Gunsan plant (one of the four plants operating in South Korea), and voluntary redundancies for 2,600 workers to stem the hemorrhaging of cash. Recently, GM has been pushing its workers’ union for concessions that would total $80 million. This is part of an effort to get a $500 million injection from the South Korean government to pay suppliers and workers. The workers union weren't buying, threatening to strike and trashing company executive offices earlier this month. Then GM threw down the gauntlet, either agre…

Well I was just reading GM.com's news page to realize they are really pushing for vehicles to use Ethonal. General Motors Promotes Greater E85 Consumer Awareness, Use In Minnesota and I started to think. In order to dispense Ethonal a Gas station would require new tanks and new fuel lines. Everything would need to be renewed for the different fuel. So this could cost several thousand if not hundreds of thousands per station. For how long would this fuel sorce be in use, if GM suspects Fuel Cells are on the horizon? How many years will the gas station have to make pennys per gallon to pay off this fuel switch? will the investment be worth while, if after 5-10 years…

Is GM taking too much ill will from the markets and press and too much criticism? GM's every move is bloodied and they can't seem to do anything right in many's eyes. Yet Ford and Chrysler seem to be doing things and FOrd in particular seems to be sliding under the radar lately. Is GM taking too much of a hit? Are GM's issues WAYYYYY overblown?

New York Times Story December 20, 2007 G.M. Selling a Truck Business to Navistar By NICK BUNKLEY DETROIT — General Motors said Thursday that it had agreed to sell its medium-duty truck business to Navistar International, an Illinois-based maker of trucks and diesel engines. The companies did not disclose terms of the deal, which they expect to close on in 2008. Analysts have estimated the unit, which includes the GMC TopKick and Chevrolet Kodiak, to be worth about $500 million with annual revenue of $2 billion. G.M. has been shedding assets outside of its core operations to increase liquidity and focus on its turnaround. In the last year, it has sold controll…

by TOM KRISHER -- Associated Press posted August 31, 2006 DETROIT -- General Motors Corp. has decided to end its sponsorship of CBS' hit series "Survivor," but the world's largest automaker said Wednesday that the decision had nothing to do with the reality show's controversial decision to divide its contestants in the upcoming season by race and ethnicity. GM spokeswoman Ryndee S. Carney said the company made the decision in the normal course of making its media buys months ago, before the show made its recent announcement. "I think it's just a coincidence. I know it's not cause and effect," Carney said. A group of New York City officials have criticized the …